1355 Markethttp://www.businessinsider.com/category/1355-market
en-usSun, 02 Aug 2015 21:30:37 -0400Sun, 02 Aug 2015 21:30:37 -0400The latest news on 1355 Market from Business Insiderhttp://static3.businessinsider.com/assets/images/bilogo-250x36-wide-rev.pngBusiness Insiderhttp://www.businessinsider.com
http://www.businessinsider.com/yammer-1355-market-grand-opening-photos-2013-1Yammer, Microsoft's 'Golden Egg,' Has Moved Into A Gorgeous New Headquarters (MSFT)http://www.businessinsider.com/yammer-1355-market-grand-opening-photos-2013-1
Mon, 14 Jan 2013 16:18:00 -0500Owen Thomas
<p><img style="float:right;" src="http://static2.businessinsider.com/image/50f45eb969bedd046a000018-400-300/yammer-20130114-03.jpg" border="0" alt="Yammer 1355 Market" width="400" height="300" /></p><p>On Monday, Yammer, the enterprise-collaboration startup <a href="http://www.businessinsider.com/blackboard/microsoft" class="hidden_link">Microsoft</a> bought for $1.2 billion last year, moved from its longtime home in San Francisco's SoMa district to a new headquarters in 1355 Market, the building that's also home to <a href="http://www.businessinsider.com/blackboard/twitter" class="hidden_link">Twitter</a> and <a href="http://www.businessinsider.com/blackboard/one-kings-lane" class="hidden_link">One Kings Lane</a>.</p>
<p><a href="http://www.businessinsider.com/blackboard/business-insider" class="hidden_link">Business Insider</a> was on hand for the ribbon-cutting. We spoke to Yammer CEO <a href="http://www.businessinsider.com/blackboard/david-sacks" class="hidden_link">David Sacks</a>, CTO <a href="http://www.businessinsider.com/blackboard/adam-pisoni" class="hidden_link">Adam Pisoni</a>, and a host of employees about the move.</p>
<p>Microsoft's <a href="http://www.businessinsider.com/blackboard/danl-lewin" class="hidden_link">Dan'l Lewin</a>, its top executive in Silicon Valley, was also on hand&mdash;the only sign of a very low-key presence for Yammer's new owners.</p>
<p>Lewin told us that the hands-off approach was very intentional, the result of a lot of learning on Microsoft's part on how to integrate startups. He called Yammer a "golden egg" that Microsoft wanted to handle carefully.</p>
<p>It's incubating in a beautiful new nest.</p><h3>The San Francisco Furniture Mart, as 1355 Market was previously known, was built in 1937—the same year as the Golden Gate Bridge.</h3>
<img src="http://static4.businessinsider.com/image/50f45f1769bedd046a00008a-400-300/the-san-francisco-furniture-mart-as-1355-market-was-previously-known-was-built-in-1937the-same-year-as-the-golden-gate-bridge.jpg" alt="" />
<br/><br/><h3>Twitter and One Kings Lane are also in the building. A local stationery firm, Patrick & Co., added Yammer to the list of new customers it hoped to accommodate.</h3>
<img src="http://static3.businessinsider.com/image/50f45f1469bedd046a000087-400-300/twitter-and-one-kings-lane-are-also-in-the-building-a-local-stationery-firm-patrick-and-co-added-yammer-to-the-list-of-new-customers-it-hoped-to-accommodate.jpg" alt="" />
<br/><br/><h3>Yammer's old office was convenient for South Bay employees, who could walk a block from the Caltrain station. Yammer doesn't offer private shuttles, but there is an express shuttle bus, the 83X, which takes them to Yammer's new Mid-Market location.</h3>
<img src="http://static5.businessinsider.com/image/50f45f1969bedd046a00008d-400-300/yammers-old-office-was-convenient-for-south-bay-employees-who-could-walk-a-block-from-the-caltrain-station-yammer-doesnt-offer-private-shuttles-but-there-is-an-express-shuttle-bus-the-83x-which-takes-them-to-yammers-new-mid-market-location.jpg" alt="" />
<br/><br/><a href="http://www.businessinsider.com/yammer-1355-market-grand-opening-photos-2013-1#yammer-engineers-ben-freeman-and-alex-annese-in-front-of-their-new-office-the-red-and-black-y-a-reverse-of-yammers-normal-blue-and-white-colors-is-yammer-engineerings-official-logo-4">See the rest of the story at Business Insider</a> http://www.businessinsider.com/square-new-headquarters-1455-market-2012-10Square Is Planning To Have 1,000 Employees By The End Of 2013http://www.businessinsider.com/square-new-headquarters-1455-market-2012-10
Mon, 22 Oct 2012 13:45:16 -0400Owen Thomas
<p><img style="float:right;" src="https://www.businessinsider.com/image/508584c869bedd4f4f00000c-1200-800/1455-market-street.jpg?maxX=450&amp;maxY=300" border="0" alt="1455 Market Street" width="450" height="300" /></p><p><a class="hidden_link" href="http://www.businessinsider.com/blackboard/square">Square</a>, the digital-payments startup,&nbsp;<a href="https://squareup.com/news/releases/2012/square-signs-lease-for-new-mid-market-headquarters">plans to have 1,000 employees by the end of next year</a>, so it's signed a lease on a new headquarters.</p>
<p>The address: 1455 Market Street.</p>
<p>That's awfully convenient for Square CEO <a class="hidden_link" href="http://www.businessinsider.com/blackboard/jack-dorsey">Jack Dorsey</a>, who is also the cofounder and chairman of <a class="hidden_link" href="http://www.businessinsider.com/blackboard/twitter">Twitter</a>. Twitter's headquarters are one block away, and Dorsey still visits occasionally, despite <a href="http://www.businessinsider.com/jack-dorsey-confirms-he-no-longer-has-an-operational-role-at-twitter-2012-10">cutting back on his duties at Twitter</a>. (He says he goes there <a href="http://jacks.tumblr.com/post/33231935532/notes-on-my-work-at-twitter">either one afternoon a week</a> or <a href="http://www.forbes.com/sites/ericsavitz/2012/10/17/jack-dorsey-the-leadership-secrets-of-twitter-and-square/3/">every other day</a>, depending on when you ask him.)</p>
<p>But we think there's another reason Square's CEO might be keen on the location. Dorsey makes frequent historical references in his interviews. The building at 1455 Market was formerly occupied almost entirely by <a class="hidden_link" href="http://www.businessinsider.com/blackboard/bank-of-america">Bank of America</a>.</p>
<p>Right across the street is another Bank of America facility which at one point handled a huge volume of paper-based payments, scanning deposited checks, crediting accounts, and shipping the checks on to other banks. Together the buildings functioned as the bank's digital nerve center for a vast portion of its operations in California.</p>
<p>Regulations have changed, allowing most checks to get scanned and digitized rather than shipped around the country at enormous expense. But for its time, the facility was cutting-edge. <em>Time</em> magazine wrote about it in 1960 under the headline, "<a href="http://www.time.com/time/magazine/article/0,9171,895117,00.html">BANKING: The Machines Take Over</a>."</p>
<p>So we're not surprised that Dorsey, who has talked about his company as a "revolution," would choose to plunk Square down at this site.</p><p><a href="http://www.businessinsider.com/square-new-headquarters-1455-market-2012-10#comments">Join the conversation about this story &#187;</a></p> http://www.businessinsider.com/david-sacks-yammer-los-angeles-versus-san-francisco-2012-9Yammer CEO: Here's Why I Moved My Company To Silicon Valleyhttp://www.businessinsider.com/david-sacks-yammer-los-angeles-versus-san-francisco-2012-9
Fri, 14 Sep 2012 16:21:20 -0400Owen Thomas
<p><img style="float:right;" src="https://www.businessinsider.com/image/505385b6ecad048a45000008-900-675/yammer-ceo-david-sacks.png?maxX=400&amp;maxY=300" border="0" alt="Yammer CEO David Sacks" width="400" height="300" /></p><p>In July 2009, things were going pretty well for Yammer, then a small enterprise-software startup based in Los Angeles. But something was missing.</p>
<p>Yammer CEO David Sacks, who had moved to Los Angeles in part to pursue a successful career as a movie producer, had a long talk with one of his investors and advisors, <a class="hidden_link" href="http://www.businessinsider.com/blackboard/keith-rabois">Keith Rabois</a>. Both had worked together at <a class="hidden_link" href="http://www.businessinsider.com/blackboard/paypal">PayPal</a>.</p>
<p>"It was supposed to be a 10-minute catchup," Sacks told <a class="hidden_link" href="http://www.businessinsider.com/blackboard/business-insider">Business Insider</a>. "It ended up being an hour-and-a-half conversation."</p>
<p>"<span>I woke up the next morning thinking, 'What am I still doing in LA?'"</span></p>
<p>Sacks went into the Yammer office and told the team they were moving to Silicon Valley. A month later, the <a href="http://blog.yammer.com/blog/2009/08/yammer-makes-move-to-silicon-valley-.html">company and 13 of its 15 team members had moved</a>. (Yammer parted ways with the other two.)</p>
<p>Sacks cited the "brain trust" of startups in San Francisco's SoMa district, where Yammer put down roots.</p>
<p>"We just started thinking bigger," Sacks recalled. "Right away we stepped up our fundraising, stepped up our hiring. We just realized there's no such thing as a highly successful small startup."</p>
<p>With Yammer having sold to <a class="hidden_link" href="http://www.businessinsider.com/blackboard/microsoft">Microsoft</a> for $1.2 billion, and Sacks still in charge, it seems like the right bet. The Los Angeles tech scene is <a href="http://www.businessinsider.com/los-angeles-tech-startups-2012-9">just starting to heat up</a>, and there's no telling where Yammer might have been had it stayed put while waiting for a thriving startup community to form.</p>
<p>In December, Yammer will be moving again&mdash;this time, to San Francisco's Mid-Market neighborhood, in the same building <a href="http://www.businessinsider.com/twitter-795-folsom-last-day-2012-6">as Twitter</a> and <a href="http://www.businessinsider.com/one-kings-lane-1355-market-twitter-building-market-square-2012-8">One Kings Lane</a>, two startups which also moved from SoMa.&nbsp;</p><p><a href="http://www.businessinsider.com/david-sacks-yammer-los-angeles-versus-san-francisco-2012-9#comments">Join the conversation about this story &#187;</a></p> http://www.businessinsider.com/one-kings-lane-1355-market-twitter-building-market-square-2012-8Hot E-Commerce Startup One Kings Lane Just Moved In With Twitterhttp://www.businessinsider.com/one-kings-lane-1355-market-twitter-building-market-square-2012-8
Thu, 30 Aug 2012 12:30:01 -0400Owen Thomas
<p><img style="float:right;" src="http://static2.businessinsider.com/image/4f987c796bb3f7460b00000b-400-300/market-square-twitter-yammer-hq.jpg" border="0" alt="Market Square Twitter Yammer HQ" width="400" height="300" /></p><p><a class="hidden_link" href="http://www.businessinsider.com/blackboard/one-kings-lane">One Kings Lane</a>, a fast-growing online retailer which is selling home-d&eacute;cor items at a <a href="http://www.businessinsider.com/one-kings-lane-sales-forecast-new-hires-2012-8">$200 million-a-year clip</a>, has moved out of its former SoMa headquarters into new digs in San Francisco.</p>
<p>The company is moving into 1355 Market, a building that's become famous as the home of Twitter.</p>
<p>San Francisco city officials have granted tax breaks to businesses that move into the central Mid-Market neighborhood.</p>
<p>But there are other benefits to the move.</p>
<p>One Kings Lane CEO <a class="hidden_link" href="http://www.businessinsider.com/blackboard/doug-mack">Doug Mack</a> previously told <a class="hidden_link" href="http://www.businessinsider.com/blackboard/business-insider">Business Insider</a> that the company plans to make its new offices a proper showroom for the high-end furniture and tchotchkes One Kings Lane sells.</p>
<p>That plan has historical resonance. The building at 1355 Market, now known as Market Square, was originally built in 1937 as the Western Furniture and Merchandise Mart. Its tall ceilings and open floor plans&mdash;the kind of thing that startups find appealing&mdash;were originally designed as showrooms for home-furnishings wholesalers.</p>
<p>Back to the future.</p><p><a href="http://www.businessinsider.com/one-kings-lane-1355-market-twitter-building-market-square-2012-8#comments">Join the conversation about this story &#187;</a></p> http://www.businessinsider.com/twitter-new-office-gorgeous-2012-6Twitter Has Moved Into Its New Office, And It's Gorgeoushttp://www.businessinsider.com/twitter-new-office-gorgeous-2012-6
Mon, 11 Jun 2012 19:32:11 -0400Owen Thomas
<p><img style="float:right;" src="http://static2.businessinsider.com/image/4fd67a3fecad04f85e000007-404-300/1355-market-rooftop-garden.jpg" border="0" alt="1355 Market rooftop garden" width="404" height="300" /></p><p>It's a beautiful day in San Francisco: sunny but not too hot, a nice breeze but not too windy.</p>
<p>So a lot of <a class="hidden_link" href="http://www.businessinsider.com/blackboard/twitter">Twitter</a> employees had <a href="https://twitter.com/twoffice/status/212276867980476416">lunch out on the rooftop garden of their office</a>.</p>
<p>Their <a href="http://blog.twitter.com/2012/06/our-new-nest.html">brand-new office</a>, that is&mdash;three floors of 1355 Market Street in what real-estate developers are calling "Mid-Market." (Over the weekend, we broke the news that Twitter had <a href="http://www.businessinsider.com/twitter-795-folsom-last-day-2012-6">moved out of its old offices at 795 Folsom</a>.)</p>
<p>San Francisco gave Twitter and other companies that agreed to move to the still-sketchy neighborhood significant tax breaks, which helped keep Twitter from flying south to the suburbs.</p>
<p class="p2"><span class="s1">It's not so pretty on the street: CrimeMapping.com&nbsp;shows <a href="http://www.crimemapping.com/map/ca/sanfrancisco">roughly twice as much crime nearby</a> in the past week as in Twitter's old HQ building by the Moscone Convention Center.</span></p>
<p>But looking at the scene on Twitter's roof, we have to think Twitter's employees are having a hard time imagining working anywhere else.</p>
<p>So far this year, Twitter's gone through a <a href="http://www.businessinsider.com/twitter-reorg-2012-6">massive reorganization</a>;&nbsp;seen <a href="http://www.businessinsider.com/twitter-mobile-ad-revenues-2012-6">surprising success with mobile ads</a>, an area where rivals have struggled; and <a href="http://www.businessinsider.com/twitter-tv-commercial-advertisers-hashtags-2012-6">run its first television commercial</a>.</p>
<p>The company has had a stormy history. <a class="hidden_link" href="http://www.businessinsider.com/blackboard/google">Google</a> and <a class="hidden_link" href="http://www.businessinsider.com/blackboard/facebook">Facebook</a> always loom large as threats&mdash;or acquirers that will swallow Twitter up like the Borg and erase its distinct culture.</p>
<p>But for once&mdash;maybe just for this short moment&mdash;from the rooftop of its new nest, Twitter's future looks sunny and clear. So grant Twitter's flock this moment. They've earned it.</p>
<p><strong>Don't Miss: <a href="http://www.businessinsider.com/twitter-795-folsom-last-day-2012-6">Moving Day At Twitter's Old Office &gt;</a></strong></p><p><a href="http://www.businessinsider.com/twitter-new-office-gorgeous-2012-6#comments">Join the conversation about this story &#187;</a></p> http://www.businessinsider.com/twitter-795-folsom-last-day-2012-6Twitter Flies The Nest And Moves Into Its New 1355 Market Street Headquartershttp://www.businessinsider.com/twitter-795-folsom-last-day-2012-6
Sat, 09 Jun 2012 10:48:00 -0400Owen Thomas
<p><img style="float:right;" src="http://static6.businessinsider.com/image/4b01a1b2000000000089bb38-400-300/twitter-office.jpg" border="0" alt="Twitter Office" width="400" height="300" /></p><p>After <a href="http://www.businessinsider.com/twitters-new-sf-headquarters-2009-11">two and a half years</a>, Twitter has moved out of its old office at 795 Folsom Street in San Francisco's SoMa neighborhood.</p>
<p>Employees filled their streams with tweets about the move on Friday.</p>
<p>Next stop: <a href="http://www.businessinsider.com/revealed-inside-twitters-future-global-headquarters-2011-12">1355 Market Street</a>&mdash;what's officially known as "Mid-Market," but which some local wags have already dubbed the Twitterloin. (The Tenderloin, San Francisco's Skid Row, starts on the other side of the street.)</p>
<p><span><a href="http://www.businessinsider.com/blackboard/yammer" class="hidden_link">Yammer</a>, the social-enterprise software startup, and One King's Lane, an online home-furnishings retailer, will be neighbors.</span></p>
<p><span></span>We assume the new offices are opening on Monday. We asked Twitter PR to confirm that, but haven't heard back yet. (Then again, we emailed them pretty late last night, and we bet they're tired from packing boxes!)</p><h3>The old nest.</h3>
<img src="http://static5.businessinsider.com/image/4fd35b57eab8ea9e1800001f-400-300/the-old-nest.jpg" alt="" />
<br/><br/><h3>Even the garage has a Twitter account. It bid the tweeps goodbye.</h3>
<img src="http://static4.businessinsider.com/image/4fd35b4769beddb816000006-400-300/even-the-garage-has-a-twitter-account-it-bid-the-tweeps-goodbye.jpg" alt="" />
<br/><br/><h3>Sara Morishige Williams, the wife of Twitter cofounder Ev Williams, is a talented interior architect. She helped build out the old nest.</h3>
<img src="http://static1.businessinsider.com/image/4fd35b4969bedd1419000007-400-300/sara-morishige-williams-the-wife-of-twitter-cofounder-ev-williams-is-a-talented-interior-architect-she-helped-build-out-the-old-nest.jpg" alt="" />
<br/><br/><a href="http://www.businessinsider.com/twitter-795-folsom-last-day-2012-6#twitter-employees-like-jen-reiber-got-a-little-wild-with-nostalgia-4">See the rest of the story at Business Insider</a>